Not really. I am going to try options to see
if they work for me. If not, then I will do
something else. But I won't know unless
I give it a try, right.
Going full time
- Thread starter Jdesey
- Start date
Not really. I am going to try options to see
if they work for me. If not, then I will do
something else. But I won't know unless
I give it a try, right.
Thank you so much for sharing but how
did your friend go back to work if he had
a long term disability, or are you referring
to some sort of insurance?
I worked for federal government for 25
years and I had all of that, but I retired
early to operate my business full-time.
There was a while that I didn't have
health insurance, if I needed a doctor
I paid in cash. That's actually a thing.
Now I am an Army wife, and if I need
medical care, I go to an Army hospital.
Whatever happened with your GS friend
was an exceptional circumstance. Most
people who carry health insurance never
even go to a doctor at all.
I certainly wouldn't discourage someone
from quitting their job because of health
insurance or their 401K fund.
Being a slave to a job for benefits is no
way to live.
He went for the insurance.
In those three years he had a pre-me baby and he had to ensure that his wife and kid were taken care off if he got hit by a bus. You can’t buy long term disability insurance on your own. You can buy health insurance (thank you Obama) but it’s crazy expensive.
of course going back to Goldman was also a lucrative move. He’s probably making two million a year with no downside financial risk. (I haven’t spoken to him in like 5 years).
In those three years he had a pre-me baby and he had to ensure that his wife and kid were taken care off if he got hit by a bus. You can’t buy long term disability insurance on your own. You can buy health insurance (thank you Obama) but it’s crazy expensive.
of course going back to Goldman was also a lucrative move. He’s probably making two million a year with no downside financial risk. (I haven’t spoken to him in like 5 years).
Why March 15? Why not March 14 or March 16 or April 15? Why March 15? What's so magic about this date? Would you mind explaining? Just curious.
You are the perfect candidate to trade full time. You are flush with excess capital thanks to your pensions which are guaranteed to cover your expenses for life.
Thank you for this.
Yes, I agree that people who have other income,
or some financial cushion, would fare the best at
trading, especially since it takes a while to learn,
and it takes the pressure off when they aren't
desperate to be profitable and successful.
I can't imagine the nightmare of depending on
the stock market lately, when it has been in a
slump. There's still money to be made, but it's
not so easy.
As to (day) trading, I have been so lucky to be
able to immerse myself daily, have time to read
books, I have learned so much, I have developed
proprietary systems, and I only wish that I got
started sooner.
Better late than never.
I lost my job. Made it a lot easier. 14 years. I do not have to work again. Still I will not recommend it to my children. Why?
Look at the ChatGPT and ask yourself what trading bots can do a few years from now with numbers - the native language of computers. A Google founder is working on a super computer for trading that will make Jim Simons look like a below average student.
All the people on this board who talk about resistance levels, support levels and breakouts and relative strength etc. of super liquid instruments like ES. Pure gambling. Nothing to do with business.
Look at the ChatGPT and ask yourself what trading bots can do a few years from now with numbers - the native language of computers. A Google founder is working on a super computer for trading that will make Jim Simons look like a below average student.
All the people on this board who talk about resistance levels, support levels and breakouts and relative strength etc. of super liquid instruments like ES. Pure gambling. Nothing to do with business.
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The only way to know if you will succeed is to try.
The worst thing is not trying and have regrets later.
If you try and fail, at least you would have tried.
Although, If you cannot be profitable trading part time, I doubt that you'll be able trading full time. Trading part time could be trading only 1 hour per day, or 1 day per week. I guess some job cannot accommodate part time trading.
I was there 14 years ago. I switched from a full time job to full time trading for 1 year.
I must admit that I had limited success.
My trading is now 100% automated, so I can do both (full time job + full time trading) at the same time.
I wish you best of luck, cause you'll need a lot.
What you are trying is not impossible, but very hard, and only a few succeed.
Probably dumb question: What if something just 'moves' (due to geopolitical, fundamental or other factors), what's AI going to change about this?
Nothing. The market has always moved as a response to unpredictable news. That's not what made Jim Simons USD 25 billion. Data correlation did.
Renaissance of course always used computers. The change with AI is that what was left on the table for small fish like myself will become smaller maybe disappear.